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Tax department launches ‘instant’ PAN card service
News:
- Income Tax Department has launched an ‘instant’ Aadhaar based PAN card services.
Important facts:
2. The facility is provided free of cost.
3. Available only for Aadhaar Card holders.
4. The service will be available for individual seeking the unique identity for the first time.
5. The service is available for limited period on a first come, first served basis.
6. The facility was introduced because of the increasing number of people applying for the PAN.
7. A fresh PAN will be allotted on the basis of a one-time password sent on mobile number linked to the Aadhaar number.
8. The new PAN will have same details as mentioned in the Aadhaar.
9. The e-PAN facility is only for resident individuals and not for Hindu Undivided Family, firms, trusts and companies.
10. The Central Board of Direct Taxes, which makes policies for the Income Tax Department, extended the deadline for the PAN-Aadhaar linking to March 31 next.
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